Foran Mining (CVE:FOM) Share Price Passes Below 200 Day Moving Average of $3.23

Foran Mining Co. (CVE:FOM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.23 and traded as low as C$3.09. Foran Mining shares last traded at C$3.23, with a volume of 1,032,727 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FOM. Ventum Financial lifted their price target on shares of Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th. Eight Capital lifted their price objective on shares of Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th.

Foran Mining Trading Up 3.9 %

The stock has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. The business’s fifty day simple moving average is C$3.23 and its 200 day simple moving average is C$3.23. The company has a debt-to-equity ratio of 13.01, a current ratio of 6.55 and a quick ratio of 2.90.

Foran Mining Company Profile

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that covers a total area of 20,907 hectares located in east central Saskatchewan.